We provide investors with unique access to the leisure industry.
The Edition EIS is a discretionary portfolio management service that gives access to a broad spectrum of mainly later stage leisure businesses that require scale up capital, taking advantage of the potential tax benefits available under the Enterprise Investment Scheme.
The fund has raised and deployed £17m into 12 companies since 2017 with a combined enterprise value in excess of £80m, and targets a £2 tax free return per £1 invested over an investment horizon of 4-6 years.
Investments in unquoted companies carry high risks and investors could lose all funds invested. The value of tax reliefs depends on personal circumstances and may be subject to change in the future. The availability of tax reliefs depends on the investee company maintaining its qualifying status. Past performance is not a guide to the future performance of an investment, and investors are encouraged to take independent legal, tax and financial advice before considering an investment.
Fees and Charges
There are no management charges collected from the investor at the point of investment in the case of subscriptions received by a financial adviser. This means that there is 100% allocation of the subscription amount and ensures tax efﬁciencies can be claimed on this full amount. Edition EIS fees are paid by the Investee Companies and are disclosed in the Information Memorandum and below. The Upfront and Annual Management Fees are only charged once funds are invested into businesses.
- Upfront Fee: Each investee company, upon receiving investment from Edition EIS, will pay to the Manager a fee based on each Investor. For advised retail clients, the fee is 2% of the investment (for professional clients it is 5%, with up to 3% payable as commission to introducing financial intermediaries).
- Annual Management Fee: Each investee company will pay an annual management fee to the Manager of 1.5% of the total initial investment for the first 4 years, after which the annual management fee will be halved to 0.75% of the total initial investment.
- Performance Incentive Fee: The Manager will be entitled to 20% of all Fund proceeds in excess of £1.20 per £1 invested.
- Custodian Fee: Annual custodian charges required to meet the costs of the custodian will be charged by the Manager to each investee company quarterly in arrears, this fee will be equal to 0.15% of the total initial investment.
Please see the Information Memorandum for full details.